Japan Hits 6 More Crypto Exchanges With ‘Business Improvement Orders’
Japan’s FSA demands six big exchanges improve AML/KYC setup Go to Source Powered by WPeMatico
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Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses Go to Source Powered by WPeMatico
Japan: Financial Watchdog to Issue Business Improvement Notices to 5 Crypto Exchanges
Japan’s financial watchdog to issue business improvement notices to five registered exchanges, citing a failure to provide sufficient AML measures Go to Source Powered by WPeMatico
As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into … Read more
Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Suspicious Transactions Detected South Korea’s seventh-largest cryptocurrency exchange, … Read more
Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money
Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year … Read more
Lithuania Unveils Comprehensive Cryptocurrency and ICO Guidelines
Lithuania’s Ministry of Finance has published comprehensive guidelines for cryptocurrency and initial coin offerings, covering four areas including regulations, accounting, and taxation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry of Finance’s Guidelines The Ministry of Finance of the Republic of Lithuania has published guidelines for cryptocurrency and initial coin offerings (ICOs). They … Read more
Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid … Read more
Another US Bitcoin Trader Faces Prison for Illegal Money Transmission
This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. Also read: Bitcoin Cash Innovation Continues with the … Read more